735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Agenda  
Audit Committee  
Monday, June 17, 2024  
8:00 AM  
Zoom Telephonic Meeting  
Join Zoom Meeting:  
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Join By Telephone  
US Toll-Free:  
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Meeting ID: 865 5038 9447  
Passcode: 089203  
Zoom Telephonic Special Meeting  
Join Zoom Meeting:  
https://glwater.zoom.us/j/86550389447?pwd=QnJ5bUc5OEhyRTJuS2tPVS9TVjZSdz09  
Join By Telephone  
US Toll-Free:  
888 788 0099; or 877 853 5247  
Meeting ID: 865 5038 9447  
Passcode: 089203  
1. Call To Order  
2. Quorum Call  
3. Approval of Agenda  
4. Approval of Minutes  
2024-197  
Minutes of April 29, 2024  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
4A Minutes - April 29, 2024 Audit Committee Meeting.pdf  
5. Public Comment  
6. Old Business  
2024-196  
2024 Municipal Bond Refunding Transaction Results  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
6A1 AC Memo - 2024 Bond Transaction Update.pdf  
6A2 GLWA Board Presentation 2024 Bond Deal FINAL.pdf  
6A3 Moodys Credit_Opinion-Great-Lakes-Wtr-Auth-MI-Update-14May2024-PBM  
6A4 S and P Water RatingsDirect_SummaryGreatLakesWaterAuthorityMichigan  
6A5 S and P Sewer GreatLakesWaterAuthorityMichigan_May-14-2024.PDF  
6A6 Fitch Published GLWA Water System Release_May 13 2024.pdf  
6A7 Fitch Published GLWA Sewage System Release_May 13 2024.pdf  
2024-224  
B.  
Report on Status of Conditions Precedent Related to Bad Debt Recovery  
Credit  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
6B1 Memo Report on Status of Conditions Precedent re HP Credit 6.14 at 1.34P  
6B2 Bad-Debt-Recovery-Credit-Pending-Approved-11.16.2023.pdf  
7. New Business  
2024-195  
A.  
Resolution Regarding Approval of Series Ordinance Authorizing Issuance  
and Sale of Sewage Disposal System Revenue Bonds in an Aggregate  
Amount Not to Exceed $66,096,901 (Ordinance 2024-04)  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7A3 Series Ordinance 2024 SRF-3-4, Q4 NWI Oakwood CIP 222001 and DWSD  
7A4 Resolution Approving Series Ordinance 2024 SRF-3-4 NWI Oakwood CIP 2  
2024-198  
Resolution to Approve the FY 2024 Third Quarter Budget Amendments  
B.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7B2 FY 2024 3rd Quarter Budget Amendment Report updated 6-18-2024 with Y  
7B3 Board Letter Attachment 6.26.2024 Superseded Budget Amendment Pages  
8. Reports  
A. CFO Report (Verbal)  
2024-225  
Monthly Financial Report for February 2024  
B.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8B February 2024 Financial Report.pdf  
2024-226  
Gifts, Grants & Other Resources Report  
C.  
D.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8C Grants Gifts and Other Resources Report.pdf  
2024-227  
Quarterly Investment Report  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8D1 Quarterly Investment Report Cover Memo_May 2024.pdf  
8D2 GLWA_Quarterly_Report_March 2024_Final.pdf  
9. Communications  
2024-228  
The Procurement Pipeline for May 2024  
a.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
9A The Procurement Pipeline for May 2024.pdf  
10. Look Ahead  
11. Other Matters  
12. Adjournment